Walleye Capital LLC raised its stake in Meta Platforms, Inc. (NASDAQ: META – Get Rating) by 54.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,451 shares of the social networking company stock after buying an additional 510 shares during the quarter. Walleye Capital LLC’s holdings in Meta Platforms were worth $ 488,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group raised its position in shares of Meta Platforms by 1.1% during the fourth quarter. Rehmann Capital Advisory Group now owns 12,179 shares of the social networking company stock worth $ 4,096,000 after purchasing an additional 128 shares during the period. Key Client Fiduciary Advisors LLC acquired a new stake in shares of Meta Platforms during the fourth quarter worth about $ 635,000. Ascent Group LLC acquired a new stake in shares of Meta Platforms during the fourth quarter worth about $ 4,688,000. Auxier Asset Management raised its position in shares of Meta Platforms by 0.3% during the fourth quarter. Auxier Asset Management now owns 15,035 shares of the social networking company stock worth $ 5,057,000 after purchasing an additional 50 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of Meta Platforms by 65.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,519 shares of the social networking company stock worth $ 1,856,000 after purchasing an additional 2,187 shares during the period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.
META has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on Meta Platforms from $ 330.00 to $ 300.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 1st. BMO Capital Markets dropped their target price on Meta Platforms from $ 290.00 to $ 225.00 in a research report on Friday, April 22nd. Piper Sandler dropped their target price on Meta Platforms from $ 230.00 to $ 220.00 and set a “neutral” rating on the stock in a research report on Thursday, June 2nd. UBS Group dropped their target price on Meta Platforms from $ 310.00 to $ 215.00 and set a “buy” rating on the stock in a research report on Thursday, June 16th. Finally, Guggenheim dropped their target price on Meta Platforms from $ 275.00 to $ 250.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $ 305.87.
In related news, insider Jennifer Newstead sold 342 shares of the business’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $ 165.89, for a total transaction of $ 56,734.38. Following the sale, the insider now owns 19,115 shares in the company, valued at approximately $ 3,170,987.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas Clegg sold 6,425 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $ 202.16, for a total value of $ 1,298,878.00. Following the sale, the insider now owns 9,596 shares in the company, valued at approximately $ 1,939,927.36. The disclosure for this sale can be found here. Insiders have sold a total of 45,698 shares of company stock valued at $ 9,181,081 in the last three months. 13.59% of the stock is owned by insiders.
Shares of NASDAQ META opened at $ 157.05 on Wednesday. The stock has a market capitalization of $ 425.03 billion, a PE ratio of 11.88, a P / E / G ratio of 1.04 and a beta of 1.37. The business has a fifty day moving average price of $ 192.00 and a two-hundred day moving average price of $ 240.04. Meta Platforms, Inc. has a fifty-two week low of $ 155.97 and a fifty-two week high of $ 384.33.
Meta Platforms (NASDAQ: META – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The social networking company reported $ 2.72 EPS for the quarter, topping analysts’ consensus estimates of $ 2.54 by $ 0.18. Meta Platforms had a return on equity of 28.74% and a net margin of 31.20%. The company had revenue of $ 27.91 billion during the quarter, compared to analysts’ expectations of $ 28.21 billion. During the same quarter in the previous year, the firm earned $ 3.30 EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 11.56 earnings per share for the current fiscal year.
Meta Platforms Company Profile: (Get Rating)
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment’s products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
Receive News & Ratings for Meta Platforms Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.